Retirement Security

Although retirement planning may not always be a high priority for busy small business owners, there are plenty of options available to help you start saving for the future. Read on for an overview of common workplace-based plans.

While this isn’t an exhaustive list, it should help you begin to understand the differences among them. We recommend consulting a financial advisor for assistance in selecting a plan based on your business size, capacity, and resources.

Are you confused or overwhelmed by retirement options for your business? Don’t worry—you’re not alone. In fact, about 30% of small business owners report they’re unaware of their retirement options. To help you grasp the ABCs of retirement, we’ll provide a broad overview of basic retirement paths to help you gain a better understanding of basic options to consider for you and your employees.

Another trend we’re currently witnessing is with regards to the fiduciary responsibilities associated with establishing and maintaining workplace retirement savings plans. While federal law has imposed fiduciary responsibilities on various parties involved with workplace retirement savings for over 40 years, there has historically been a fair degree of uncertainty concerning the circumstances under which financial organizations (e.g., banks, insurance companies, broker/deale